Bloomberg, a global business and financial information provider, has announced a partnership with Elwood Technologies, a London-based financial technology firm, for strategic integration. According to the companies, the integration combines Elwood's institutional cryptocurrency trading capabilities with Bloomberg's data, analytics and workflow tools.
As a result of the integration, investment management companies and other financial institutions on the AIM platform will be able to manage their crypto investments in a secure and efficient environment. The integration, which is expected to be completed by the second quarter of 2022, will be available for the mutual clients of Elwood and Bloomberg AIM.
“We are very pleased to be able to offer Bloomberg AIM clients integrated access to Elwood's market-leading cryptocurrency trading platform. It has always been our goal to provide clients with the cutting-edge capabilities necessary to manage their entire investment portfolio in an integrated manner, and this increasingly includes alternative asset classes such as cryptocurrencies," said Ian Peckett, Global Head of Buy-Side Product at Bloomberg.
Bloomberg noted that the company is planning to use a wide range of resources to facilitate its clients in portfolio management. According to the business and financial information provider, more than 15,000 professionals around the world are using Bloomberg AIM, a leading order management system (OMS).
Crypto Products
Crypto trading and custody services have gained immense popularity in the past few months. With that, prominent financial technology companies have introduced several solutions regarding the risk management of digital assets during market volatility.
James Stickland, the CEO of Elwood Technologies, commented: "This strategic partnership continues to deliver on our mission of providing access to digital asset markets in a way that institutions expect. We look forward to working closely with Bloomberg to simplify institutional access to cryptocurrency markets."
Based in London, Elwood Technologies provides technology-driven solutions to financial firms, including digital asset platforms.
